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Rio Tinto published a report on the second quarter of 2013

In the first half of the reporting period, the planned results were achieved on the supply of iron ore and the volume of railway transport, despite the breakdown of the conveyor tape due to rainy weather, which led to floods in the pilib.

The expansion of Pilbar capacity to 290 million tons of iron ore per year is carried out as part of the budget and time calculated to deliver the first tons by the end of the 3rd quarter of 2013. The supply of the first tons will be preceded by commissioning and completing the expansion of railway infrastructure. The last stage has begun in this quarter.

In the field of copper mining, there was a stable recovery on Kennecott Utah Copper and Escondida.
After the work in the northern part of Bingham Canyon, ore mining from the lower sections resumed on April 27 and is currently successfully continuing. Recovery is moving faster than previously expected according to previous estimates.

Oyu Tolga sent the first batch of copper concentrate to China on July 9, 2013, which became the culmination of three annual construction of the first phase of one of the copper mines, the cost of a project of 6.2 billion US dollars.

According to titanium dioxide, the volume of raw materials is 25 percent higher than in the 2nd quarter of 2012, which reflects the doubling of the share of the group in Richards Bay Minerals.

In addition, Rio Tinto successfully reduces exploration costs this year compared to the same period in 2012.


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